Business Standard

Mahendra Nahata

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BUSINESS STANDARD

If you happen to pass by the Hanuman mandir in Connaught Place, Delhi, you might just come across a familiar face serving bhog to a host of street urchins or giving money to an old man yearning to buy a rickshaw but lacking the means to do so.

This man with his Lexus is no other than Mahendra Nahata, the highly religious yet controversial group chairman of the over Rs 1,000 crore HFCL group. Nahata and his nephew, the 30-year old Vinay Maloo, have carved out an gigantic empire. The iternary of this perhaps only desi telecom equipment manufacturer into the big league started off in a very small manner.

 

Nahata started his business career dabbling in tea trading from New Jalpaiguri a small city tucked away in north Bengal. Maloo, on the other hand, came from a professional family. His father was one of RPG Goenka

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First Published: May 16 2001 | 12:00 AM IST

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